| A new report reveals that majority of oil and gas executives believe the oil price will remain between US$50-US$70 in 2016, with almost 27 per cent respondents believing it will hover around US$70. However, even while the current environment is creating opportunities for innovation, almost half of the executives admit they have fallen short of their innovation goals since 2014.
These findings form a part of the Technology Radar 2015 report that was launched by Lloyd’s Register Energy. John Wishart, Group Energy Director, Lloyd’s Register, said, “The report Innovating in a New Environment provides data-driven findings on the role of innovation in the current and future upstream oil and gas industry. The oil price slowdown is clearly impacting investment in innovation initiatives...............................................Full Article: Source
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